American Homes 4 Rent (NYSE:AMH) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its holdings in American Homes 4 Rent (NYSE:AMH) by 140.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,859,115 shares of the real estate investment trust’s stock after purchasing an additional 1,086,835 shares during the quarter. Millennium Management LLC owned 0.50% of American Homes 4 Rent worth $69,568,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Alyeska Investment Group L.P. raised its stake in shares of American Homes 4 Rent by 185.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust’s stock worth $74,438,000 after buying an additional 1,291,865 shares during the period. EverSource Wealth Advisors LLC raised its position in American Homes 4 Rent by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock worth $7,337,000 after acquiring an additional 8,370 shares during the period. Clearbridge Investments LLC lifted its holdings in American Homes 4 Rent by 26.3% during the fourth quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust’s stock valued at $105,597,000 after purchasing an additional 588,302 shares in the last quarter. PGGM Investments lifted its holdings in American Homes 4 Rent by 7.3% during the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock valued at $39,760,000 after purchasing an additional 71,890 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of American Homes 4 Rent by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock valued at $162,180,000 after purchasing an additional 110,022 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer now owns 99,214 shares in the company, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack E. Corrigan bought 4,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was purchased at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the transaction, the director now owns 12,000 shares of the company’s stock, valued at $281,040. This trade represents a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is owned by insiders.

American Homes 4 Rent Stock Up 2.3%

NYSE AMH opened at $38.28 on Friday. The business’s fifty day simple moving average is $36.68 and its 200-day simple moving average is $36.46. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The firm has a market cap of $14.17 billion, a PE ratio of 35.44, a P/E/G ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $459.28 million during the quarter, compared to analysts’ expectations of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. American Homes 4 Rent’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.13%. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMH shares. Royal Bank of Canada raised their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Raymond James lifted their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Mizuho dropped their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.86.

American Homes 4 Rent Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.